| Intrinsic Valuation of: ONGC | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 30 | Market Cap | ₹3,766B | |||||
| 2021 | - | - (-) | P/E Ratio | 10 | Total Asset | ₹7,587B | |||||
| 2022 | ₹337B | - (-) | Net Income | ₹362B | Total Debt | ₹985B | |||||
| 2023 | ₹351B | 4.2% (-19.0%) | EBITDA | ₹989B | Total Liab | ₹3,845B | |||||
| 2024 | ₹467B | 33.0% (39.9%) | Opr Margin | 10.45 | Debt/Equity | 0.26 | |||||
| 2025 | ₹352B | -24.7% (-26.0%) | PreTax Margin | 8.50 | BV/Share | 262 | |||||
| 5Y Average FCF | ₹377B | 6.8% (-1.7%) | |||||||||
| Overall Market Assumptions: | |||||||||||
| Assumptions: | P/E for No-Growth Company: | 7.0 | |||||||||
| Perpetual Growth Rate (g): | 2.48% | Historical US Bond Yield: | 4.40% | ||||||||
| Discount Rate (WACC): | 7.29% | Current US Bond Yield: | 3.48% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (6.8%) | ||||||||||
| 2026 | ₹384B | MBG Intrinsic Value | ₹270 | ||||||||
| 2027 | ₹406B | ||||||||||
| 2028 | ₹427B | ||||||||||
| 2029 | ₹445B | ||||||||||
| 2030 | ₹460B | ||||||||||
| 2031 | ₹471B | ||||||||||
| Terminal Value | ₹10,038B | Net Worth/Share | ₹297 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | ₹8,605B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | ₹17B | ₹607 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | ₹985B | WACC | 6.5% | 607 | 667 | 742 | 839 | 967 | |||
| Equity Value | ₹7,637B | 7.2% | 522 | 566 | 620 | 686 | 771 | ||||
| Shares Outstanding | 12,580,279,206 | 7.9% | 457 | 491 | 531 | 579 | 638 | ||||
| 8.6% | 403 | 430 | 461 | 497 | 540 | ||||||
| DCF Intrinsic Value | ₹607 | 9.3% | 360 | 381 | 405 | 433 | 466 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||